Before the widespread use of the Internet, trading in the stock market was typically broker oriented. The broker would give advice, trade the stock and eventually pocket a hefty commission once the deal was closed. Moreover, to trade, one had to present physically at the exchange or rely on numerous phone calls to the broker house. But, with the advent of Internet in everybody's life, the way of stock trading has also radically changed like all other things in today's world.
Online forex trading in Thailand can be done via secure websites or proprietary software programs provided by trusted brokerage houses and financial institutions. Traders are also provided with online support, training documents, and professional assistance through call-centers.
Online trading offers the following advantages:
Traditional stock trading has a wide range of commissions. However, online trading charges are much lower and nearly uniform for all stocks. Low-priced stocks are easy to trade and can earn substantial profits in a short time. Traders can also make a profit from the marginal rise or fall in a stock within one day due to low commission charges.
Transactions are faster:
An online trader is able to complete the entire process in minutes, unlike traditional stock trading, where the trader calls the broker and fixes the price. The trader has the ability to choose when to sell or buy stock and maintain the profit margin, considering the time involved in fluctuating its price.